Civil Litigation
Apr. 8, 2020
Wildfire victims group wants to delay $13.5B PG&E settlement vote
Given market turmoil caused by the coronavirus, the group wants PG&E to guarantee the $6.75 billion in stock it agreed to pay as part of the larger settlement will actually be worth that amount.
SAN FRANCISCO -- The committee for wildfire victims found itself on opposite sides of both the Pacific Gas & Electric Corp. and plaintiffs' attorneys representing the majority of claimants at a hearing Tuesday on an issue all parties agree jeopardizes the utility's chances to exit bankruptcy in time.
The group wants to send a letter urging victims to hold off on voting whether or not to approve PG&E's reorganization plan until it's ...
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